Elon Musk Is Under Investigation Over a $44 Billion Deal, Says Twitter
- As per Twitter, Elon Musk is being investigated for his deal of Twitter acquisition.
- Musk jokingly claims he is selling “Burnt Hair” perfumes to pay for the Twitter purchase.
The Tesla Inc CEO, Elon Musk is currently under investigation by US federal authorities for his conduct in connection with the $44 billion acquisition deal of Twitter, as per the social media platform’s court filing released on Thursday.
The attorneys for Potter Anderson & Corroon LLP, one of the largest Delaware Law Firms stated in a filing that Musk is the present focus of the federal inquiry, regarding his conduct.
When Will the Battle End?
Twitter’s lawyers claimed that the company had asked Musk’s lawyers for months to reveal their interactions with federal authorities. However, the attorneys had not complied, citing ‘investigative privilege.’ Twitter later requested the Delaware court to access the documents that Musk has provided to authorities.
Twitter’s lawyer stated:
This game of ‘hide the ball’ must end…bear upon key issues in this litigation.
Elon Musk’s takeover of Twitter drew widespread attention globally. Musk initially planned to buy Twitter, but then altered his mind, claiming that the social media company had provided incorrect information regarding spam bots. Twitter breached its contractual commitments after he backed away from the initiative.
Following this, Twitter denied the claim and responded by filing a petition against the billionaire. Both parties were supposed to go to trial in Delaware Chancery Court on October 17. However, Musk changed his mind again and recently he stated that he would buy Twitter for the agreed-upon price of $54.20 per share.
Moreover, the world’s richest man recently launched a perfume brand named, ‘Burnt Hair,’. In a tweet, Musk urged people to buy his perfume, to acquire Twitter.
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Read more: https://thenewscrypto.com/elon-musk-is-under-investigation-over-a-44-billion-deal-says-twitter/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
